Procurement Cards are a powerful tool to reduce cost and increase efficiencies. They can also create risk of abuse since P-Cards use existing credit card processing infrastructures. While controls can specify the amount per purchase, amount per day or other time period, merchant categories, and other limitations, strict implementation of tight controls can hamper the usefulness of the program.In addition, there are ways to get around even strict card controls.

ProcuREview from Solerent helps P-Card Administration departments monitor and enforce policy. By monitoring and storing transaction data, the system is able to quickly and accurately identify card transactions that should be reviewed. These transactions can be analyzed, both individually and in context with other transactions, documented and dealt with properly. With card usage closely monitored in an automated fashion, abuse is managed without adding burdensome controls that add overhead to the program. Since it leverages analytics to identify problems, existing staff can spend their time working with exceptions rather than trying to find them.

The system combines data aggregation, analytics and exception handling to identify, address and document policy violations and errors. The interface accepts detailed data so that policies may be implemented with line-item data. The analytics engine can be optimized to keep the users focused on important transactions. The workflow directs transactions to the correct users and allows proper documentation of the transactions and their disposition. ProcuREview is a full-featured product that is simple to use. It is the best method to monitor and enforce P-Card policy.